Understanding how to play slot machines is more than just knowing how to press the spin button. Like anything in life, slots are more fun if you understand something about how they work. Concepts like payback percentage, payout schedules, and RTP (return to player) are essential to understand if you really want to know what you’re doing in a casino.
The Payout Schedule
Each slot is special separately.Schulman drew the and how to read slot machine pay tables Adams drew the and the.Payout rates are additionally exceedingly important., lord of rings slot machine online, poker magic software, casino death montage, slot wins max bet 2014. Slot payout tables for video slot machines are available on a different screen that appears on pushing the special button or pressing the touchscreen. Modern slots may have up to 50 paylines and the player can bet on maximum lines. Winning paylines may be represented vertically, horizontally.
The phrase “payout schedule” might make you think that a slot machine game is scheduled to pay out certain amounts at certain periods. That’s not what it means, though, and in fact, it’s a common myth that slot machines work in cycles. Every spin of the slot machine is an independent event, and that’s the first “noble truth” of slot machine wisdom. Your chances of winning a jackpot on the spin after you just won the big jackpot are exactly the same as they were on each of the prior spins.
The payout schedule is just another phrase for the pay table. That’s a key to what the payouts are for the various combinations of symbols on the reels. The pay table shows how many lines pay out, which combinations pay out, and what amounts are paid out. That’s a lot of useful information, but it’s not enough to calculate how good a game is. The reason is because you don’t have any means of calculating how likely or unlikely it is to hit any particular combination.
The Payback Percentage
The payback percentage is a theoretical number that describes what percentage of each bet the game is programmed to pay back to the player over the long run. Always remember that in the short term, anything can happen, but in the long run, a negative expectation game will always result in a net win for the house.
Most slots have payback (or payout) percentages of 75% or greater, and in major gambling destinations, payback percentages of 90% and higher or common. This percentage is calculated when the game is designed, but it can vary from machine to machine, even if the machines have the same name and symbols.
For example, if you’re playing dollar slots, and you’re making 100 spins per hour, you’re putting $100 into action each hour. You can expect to see $90 of that come back to you in winnings each hour, but only in the long run. In the short run, you’re unlikely to see the planned payback percentage.
The flip side to a slot machine’s payback percentage is the house edge. That’s the amount of money the house plans to win from each bet. If a game has a 90% payback percentage, then the house edge is 10%. For some reason, house edge is used to describe almost all games except for slots and video poker.
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RTP (Return to Player)
This is just a phrase that means the same thing as “payback percentage”. Some jurisdictions do require that such games publicize their RTP on the machine itself—Victoria is one example of such a jurisdiction.
Such jurisdictions are rare, though, so the best players can do is try to find the highest payback percentages via a few simple rules of thumb. These include:
Gamble on machines in casinos, but skip them in other locations. You’ll find bars and airports and even shopping malls with slots games in them, but the payback percentages in those other venues are almost invariably significantly lower than in an actual casino.
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Wager on the higher denomination games when you can. The payback percentage goes up on average between 1% and 2% for each increment you go up in betting limits. In other words, penny slots pay out less than nickel slots, and nickel slots pay out less than quarter slots, and so on.
Place the max bet whenever appropriate. On many games, the top jackpot is only available when you play for max coins. This is especially true of progressive jackpots. Being ineligible for the top prize reduces your theoretical return to player significantly.
Always join the slots club. And always play with your player card inserted. Members of the slots club get a small percentage of their play back in the form of rebates and comps. This amount is usually tiny, between 0.1% and 0.3%, but every penny counts. If you’re playing anyway, you should take advantage of this.
What Does the Payback Percentage / Return to Player Actually Mean in Dollars and Sense?
From a practical perspective, you can calculate the amount you can expect to lose over time on a give game. Of course, this expectation only kicks in when you’re nearing a million spins or so, but it’s still useful to play a game with a lower house edge. Here’s why.
Suppose over your gambling lifespan you stick with dollar slots, and let’s suppose that you take one gambling trip per year for 40 years. We’ll also assume that you spend 40 hours of each vacation playing slot machines. Here’s how much you can expect to lose over the course of your life at various payback percentages. (These numbers assume 100 spins per hour.)
- 95% payback percentage = $8000 in expected losses over the course of a lifetime.
- 85% payback percentage = $24.000 in expected losses over the course of a lifetime
- 75% payback percentage = $40,000 in expected losses over the course of a lifetime
Chances are your numbers will vary, and you can never be sure of what the return to player is on a specific machine, but you can get an idea in most major gambling jurisdictions by reading publications like the American Casino Guide or the magazine Strictly Slots.
Since slots first became prominent midway through the 20th century, they have always been incredibly easy to understand. As one of the most popular games in every casino, slot games must be easy to understand seeing as so many people play them. Slot games, though they differ slightly, are all based on the same simple concept. Reels equipped with symbols are spun, and if they are stopped in certain sequences, players are paid out based on what symbols are showing, and where.
With the advent of more advanced technology, slot games have changed dramatically and play host to different symbols, bonus games, and many other items. Still, slot paytables have existed through it all and still exist to this day. The key to slot tables is and always has been simplicity. People fear slot paytables because they often look a bit confusing at first, but the fact of the matter is that they are quite easy to understand. There is a fear that, as slot games become increasingly complicated and layered, that paytables will also be difficult to understand, but there is no way this will happen as slots depend on paytables being easy to understand.
Paytables Explained
Now that you know paytables have always existed, you might be wondering a bit more about what exactly they are and how they work. In most cases nowadays, paytables can be accessed towards the bottom of the gamescreen by simply clicking the icons. The icons and what they mean will be more or less your keys to understanding every aspect of the slot game in front of you.
In so many cases you will find players sitting down at a slot game without knowing anything about the symbols spinning in front of them. This is astounding simply because it is impossible to tell what symbols you should be cheering for if you have no idea what they are going to pay out.
Basically, the paytable will show you what symbols exist and what you win when they show up in certain quantities. The paytable will also elaborate more on wild and scatter symbols and how they work through the course of the game. For all intents and purposes, paytables are your roadmap for understanding how these games work and how you are paid if and when you win.
Understanding the Contents of Paytables
Now that you may understand what the symbols on the paytable mean, you might do well to understand the digits beside them. In most cases, the first page of the paytable will show the winning combinations of a certain symbol as well as the coinage that will be paid out if said combination lands.
The explanation of wild symbols can also be found on the paytables page. On more advanced slots, there may be multiple pages to the paytable. These additional pages are usually utilized to explain bonus games and any other extra functions that the game might feature.
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With how advanced slot game are becoming both at online casinos and in brick and mortar establishments, paytables are likely to continue expanding and being elaborated upon. As is the case with anything else in the casino world, it is important that you thoroughly read through every aspect of the paytable as it will give you a better understanding of how the game works, and thus, your level of enjoyment. At the end of the day, you would do best to understand every aspect of every online casino game you play.
Casino Paytables FAQ
Why do paytables matter to me?
This is a question that could not possibly be more difficult to answer. First and foremost, paytables are important because they are your instruction manual for a slot game. They explain to you how you win, how much you win, and how your winnings can be maximized. What’s more, paytables let you know what symbols and combinations you should be rooting for so that you are not aimlessly spinning without any idea of what’s really going on.
Are they always easy to understand, or are they confusing?
Though at first glance it may seem confusing, paytables are often quite easy to read and comprehend. The only reason paytables are confusing at all is because slot symbols are no longer as standard as they once were. With a little effort, no paytable is confusing at all. This is a truth because, if paytables were confusing, slots would not be as popular as they are.
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Are slot paytables online similar to slot paytables at brick and mortar casinos?
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Yes. Nowadays, sitting in front of the computer and sitting in front of a slot game at a brick and mortar casino are really not that different. As such, paytables on both are more or less the same and understanding one is no more difficult than understanding another.